Then regains composure and complains that the number is too low.]I'm glad that you can afford to wait another month or two for an owner-occupant buyer, who will overlook some of the work needed and be able to obtain bank financing in another 45 to 60 days, assuming, of course, that the buyer doesn't find a nicer house at a better price.Please remember that my offer is all cash and I can close quickly.

This could be because the buyer(s) are owner occupants and don't care about "the numbers," it could be that the buyer(s) are newbie investors who aren't good at doing "the numbers," or it could be that the buyer(s) have some knowledge or experience where they'll be able to offer more than everyone else and still make their desired profit.So really, it's just a competition among those outliers, not all the offers.

They are not allowed to have a dog, nor is occupancy two people.Apparently, two tenants of UNIT 2 are customers of the tenant in UNIT 1 and there are drugs there all the time.

A year down the road, with 75% LTV financing in place, the ROI on your investment is near 100%, year in and year out – before consideration of tax benefits and likely NOI growth.As Bryan notes, you can also elect to sell when you've got occupancy up to >85% for 9-12 mths, as a 12-15% cap, scoring a huge gain.

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All the good ones get snapped up during the owner occupant bid period.

And I'm not liberal, I just knew that the NeoCons sucked big time.I actually believed Obama would restore our rights, end the occupations of the middle east, and do something to clean up DC from all the Wall Street lobbyists.

Insurance, maintenance, management is all handled by the property and is already calculated in to come up with the 56k number (based off of 60% occupancy).

You might also want to make sure you have the proper occupancy/use permits for doing that kind of rental.

You are seeking entity financing---something like this one:Documentation: No Ratio, No Documentation Main Credit Score: 400 Credit History: Very Poor Debt to Income: N/A Occupancy: Owner Occupied, Non-Owner Occupied Loan Amount: $200,000 - $50,000,000 Lien Position: 1st Mortgage Cash Out Amount: $50,000,000 Loan Purpose: Bridge Loan, Purchase, Rate and Term Refinance, Debt Consolidation, Cash-out, Heloc/Line of Credit, Construction, Forward Commitments, Equipment Purchase, Unsecured Loan, Business Loan, Equity Capital, Venture Capital, Credit/Asset Enhancement, Takeout (const-to-perm), Home Improvement - Value After Improvements, Rehab, One-Time Close (const-perm) Property Types: Five Plus Units, Mixed Use, Farm/Ranch, Condo-tel, Retail, Warehouse, Raw Land, Hotel/Motel, Office, Care Facility Housing, Special Use, Industrial, Gas Station, Other Commercial Types, Office Condo, Non-Warrantable Condo Rate Types: Straight Fixed, Adjustable, Hybrid Amortization: 5 Years, 20 Years, 25 Years, 30 Years States: AL, AK, AZ, AR, CA, CO, CT, DC, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, International Special Features Drive By Appraisal, Borrower is a Corporation, Borrower is a Church, Borrower is a Trust, Borrower is a Foreign National, Non-Permanent Resident Alien Allowed, Borrower Owns Over 10 Properties, Mortgage History Only Reviewed, Bankruptcy May Remain Open - Ch.13, Bankruptcy from Filing Date - Ch. 13, Currently in Foreclosure, (bailout), Borrower with NO Credit Score Allowed, Score Only, No Credit History Reviewed, No Form 4506 Required, No Reserves Required, Gift Funds Allowed, No Mortgage Insurance Required, No Seasoning Required on Funds to Close, No Prepayment Penalty Required, Interest Only Payments Available, Less Than 2 Years Employment, Self-Employed, Non-Recourse Allowed, Recorded Land Contract Allowed, Unrecorded Land Contract Allowed, Less than 12 Months Seasoning Refi, (using purchase price), Leasehold Property Allowed, Less Than 2 Years Employment, Wage Earner, Rural Property Allowed, Seller Seasoning less than 6 months Allowed, No Minimum Number of Trade Lines Required, Less Than 12 Months Seasoning Refi, (using appraised value), Lease Option Allowed Regards,Scott Miller